Central Phuket Floresta. At the end of 3Q18, the average occupancy rate for CPN’s retail properties stood at 92%, similar level YoY. Central Pattana Public Company Limited Management’s Discussion and

as income from property rental dropped 12% or 4.1 mil. baht to 30.7 mil. baht due to the decline in occupancy rate. Income from Chemical Distribution business increased marginally from 226.3 mil. baht

OHTL Public Co., Ltd. and its subsidiaries Management Discussion and Analysis for Three-Month Period Ended 31 December 2017 (Unit: Thousand Baht) 2017 2016 Increased/(Decreased) % Occupancy 52.2

THB 109 million due to the lower occupancy rate. Other income decreased by THB 5 million. Gross profit margin declined from 25.9% to 25.4% due to rental and service business gross profit decreased by

Occupancy rate (%) 71% 61% 54% 64% 45% Rev Par (Baht) 8,868 7,933 5,873 8,329 4,975 Page 4 of 7 Management Discussion and Analysis 2018 Hotels FY’17 FY’18 Q4’17 Q3’18 Q4’18 Phi Phi Island Village No. of room

costs decreased by 11.2%, due to lower weighted average cost of fund mainly from issuance of recent bonds with lower interest rate, together with utilization of short-term instruments. PERFORMANCE BY

by Baht 59 million over the prior year as a result of the decrease in occupancy and room rates of Laguna Phuket hotels and Banyan Tree Bangkok.  Revenue from property development operations which

) Occupancy rate (%) 62.3% 61.8% 0.5% Room revenue 317,603 298,976 6.2% Food and beverage revenue 280,547 261,291 7.4% Other revenues 92,138 94,742 (2.7%) Hotel income 690,288 655,009 5.4% Cost of sales and

occupancy rate is about 96%) 7. Acquisition Price : 118.9 million U.S Dollar or approximately 3,950 million baht (off-market bid price) 8. Purpose : For rent. 9. Total transaction size : 3.69% of total asset

) Occupancy rate (%) 38.8% 39.8% (1.0%) Room revenue 152,513 151,139 0.9% Food and beverage revenue 174,164 172,302 1.1% Other revenues 72,147 75,772 (4.8%) Hotel income 398,824 399,213 (0.1%) Cost of sales and